Frequently asked questions on LLP Annual Filing

1. What is LLP Annual Filing? Limited liability partnership is a partnership with limited liability. Every LLP which are registered with the Ministry of Corporate Affairs have to file the Annual Returns and Statement of Accounts every year. 2. What are the mandatory compliances of LLP? There are mainly 3 compliances which are mandatory for…

LLP annual filing-all you need to know

An LLP is a form of separate legal business entity that gives the benefits of limited liability but allows its members the flexibility of organizing their internal structure as a traditional partnership. It is governed by the Limited Liability Partnership Act, 2008. In LLP, unlike a company, the designated partner have a direct relationship between…

Micro, Small & Medium Enterprises explained in easy language

In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes: Manufacturing Enterprises-The enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951)…

Benefits of SSI or MSME registration

Indian government has provided many benefits for small scale units or medium small and micro enterprises (MSME). In order to be eligible to get these benefits, any entity should register itself as MSME/SSI enterprise under MSMED Act. Following is a list of such advantages of obtaining SSI/MSME registration in India. 1.      Collateral Free loans from…

Why chose Private Limited Company over Limited Liability Partnership

With the recent changes being in highlight, the Ministry of Corporate Affairs (MCA) brought about a transformational change in the company incorporation processes, ever since it has undertaken the initiative of Government Process Re-engineering (GPR). Ministry has introduced Companies (Registration Offices and Fees) Amendment Rules, 2018, wherein it has eliminated the fees charged by it…

How to Register Sole Proprietorship Firm in India

The leading business advisor, ebizfiling is a leader in sole proprietorship firm registrations in India. The sole proprietorship type is the favourite business form for the small entrepreneurs. It simply allows starting a firm with small capital, short time frame. It requires a very simple process with minimal legal compliances and formation costs. Most of…

How to Legally Register a One Person Company in India

While starting your own business, the very first question that comes to mind is that, ‘How to form a company?’ For starting a business in single person’s name, a sole proprietorship registration can be done but if one wants central registration with separate legal entity and benefits of company form of organisation; he/she will have…

Advantages of Private Limited Company

A Company is an artificial person created by law. It is not a human being but it acts through human beings. It is considered as a legal person who can enter into contracts, possess properties in its own name, sue and can be sued by others etc. It is called an artificial person since it…

What is a Private Limited Company?

A Private Limited Company is a type of company that offers Limited Liability or legal Protection for its shareholder Private Limited Company which can have a minimum of two members and can go as far as to two hundred members; it must have minimum of two directors and a maximum of fifteen directors. Private Limited…

How do I establish a Private Limited Company?

A Private Limited Company is a type of company that offers Limited Liability or legal Protection for its shareholder Private Limited Company which can have a minimum of two members and can go as far as to two hundred members; it must have minimum of two directors and a maximum of fifteen directors. Private Limited…